▲ 24 r/FPandA
Scared by PE backed SaaS P&L
I recently joined a PE backed SaaS company in the financial services space. I was jarred seeing how badly our interest expense crushed out net income into the red. My background is in manufacturing so I had never seen a statement like that before.
I understand now the PE bros parked the LBO debt on our BS so we can service the debt. But like, damn its so ugly.
Any advice on changing gears and becoming an ebitda multiplier bot?
Thanks.
u/TheLocalLawMan — 5 days ago